Some business owners think that not getting paid for the odd job is simply part of being in business and write it off as part of their tax return to the IRD. Here, we illustrate the impact that not getting paid for a job has on your business and the importance of ensuring you are paid for your hard work.
It’s not just the cost of the goods and/or services that you have provided.
The real cost is the value of the additional jobs that you need to complete and be paid for in order to get back to a position of breaking even on the initial unpaid job.
The calculator below shows the real cost of not being paid. Enter the chargeable amount of the job and the profit margin percentage on that job. Our calculator will do the rest.
How would your business be impacted in the event that someone doesn’t pay you? Here at EC Credit Control, we see a lot of businesses unnecessarily stressed due to being put into this position through no fault of their own.
Protection is available in a number of different forms:
Debt Resolution if you are already in the position outlined above
Terms of Trade to help prevent you from finding yourself in the position outlined above
Registering on the PPSR to improve your position in the event one of your customers goes out of business
Wolf Mach26. June, 2024.Fast and very efficientChris Buckley18. June, 2024.Colin has been extremely helpful getting my owner/ operator business sorted with all the correct forms. He has listened to what I want to do with my business and always offered really good advise to cover many different scenarios. The website is also very easy to use and I can clearly see what is happening with bad debtors at any time.Angela Kerrigan13. June, 2024.great service and quick resolutionWainwright & Co Stonemasons9. June, 2024.We have been with EC Credit Control for many years. We highly recommend their services, especially for new or small to medium size businesses.Colin Parkinson12. April, 2024.Quick action from request - sorted
Our business is NZ owned.
EC Credit Control (NZ) Ltd